D45,
We know the timeline. I've gotten more proactive with my holding and took the opportunity to off load some at the start of the week. My first sell. Still hold quite a few, well, for me it is.
I'm chasing some rainbows on another play but will be happy to bring more funds back here.
We got to 2.6c on the back of Winx, I expect at least 2.8c on Charlie, at least this time they know there is proven oil in this location.
Trade the trade.
Latest Petroleum News, Yukon gets a mention.
https://www.petroleumnews.com/pnads/67455939.shtml
By building a 70,000 barrel per day liquids export pipeline (throughput that can be expanded) at Point Thomson that connects to the Badami unit and thus moves oil and condensate to Pump Station 1 of the 800-mile trans Alaska oil pipeline, ExxonMobil improved the development economics of other oil prospects to the east. Those prospects include Yukon Gold
ASX had 15,626,469 traded for a total of 50 trades. It traded early at 1.3c(0.7p), then went to trade at between 1.25-1.2c for the rest of the day.
The last regular day trade was at 1.3c, however the after close rebalance saw it marked down to 1.2c with the final trade a hefty 1 share trade.
A few probably had their stop loss set at the 1.25c CR level and they got struck during the day.
Nothing to worry about if you're happy to wait until next year.
Brom,
Courtesy of Rossi70 on HC.
I don't see any reason why we should not see 2.4-2.8c, if even a little conservative on Hartley's behalf.
Winx saw saw those levels(140mmbls net to 88e) and Charlie is a much better prospect, delineated by historical wells and data.
https://finfeed.com/small-caps/energy/88-energy-banks-north-alaska/
Apologies if previously posted.
The debate before the courts is regarding the Bond Scheme for lump sum payments of the SoA tax credits, which they have a legal obligation to pay and they do from time to time.
"On the 9th of January 2019 the Alaskan Department of Revenue (“DoR”) informed the Company of the purchase of US$1.57m (A$2.2m) in tax credits, with the funds received directly applied against the Brevet debt facility".
So this income is used to offset loan costs? Seeems like a smart idea.
Jeez, what about you Poms?
Where's the stiff upper lip, keep calm and carry on mentality?
You pensioners should get out more, take your wife for a walk or your dog. Some of you will struggle though leaving your bedsit, especially as it seems this is the only communication you get other then the postman man talking through the slot in the door.
Harden up! Deal is done, live with it.
Chrisev1,
"The trading halt should be until the release of the announcement by the Company, expected to be no later than market pre-open Friday, 13 September 2019;"
The CR RNS can come at anytime before pre open(ASX) Friday. It's not set to 2 days.
LTI,
Possibly or possibly not.
They are committed to loan costs ~$600k an Staff and admin ~$800k, exploration and evaluation costs associated with Yukon and Winx are the unknowns and may be wound back?
But yes, at some stage funding will be needed, from somewhere/someone.
We'll know for sure come the end of October, if you can wait.
LTI,
If you read the last quarterly or is fully explained, I'll save you the effort.
We had $6,674mill in the bank, forecast spend was $3,225mill. My calculations tell me that will leave $3,449 mill at the end of this quarter.
Not sure what more you expect from the company but you should expect $3,449 mill, I expect a number around this possibly slightly more if the Premier deposit has hit the bank.
MILOH,
It cannot be a Dead Cat Bounce, at this point.
A dead cat bounce is a typically a temporary recovery from a prolonged decline or a bear market that is followed by the continuation of the downtrend and normally the share price will gap +/-5% on open and continue the trend. If this does not occur and price doesn't keep falling after the gap down (open), then we can't have a dead cat bounce and therefore this strategy doesn't apply.